South Florida business owners prepare to raise prices as Trump tariffs take effect NBC 6 South Florida [Video]

Robert Gewanter has been running M&M Liquors in Hialeah for decades. 

“It’s just a misconception that it’s just gonna be 25%,” Gewanter said, standing in front of his tequila display. 

He said the Trump tariffs will force him to raise the price of the popular spirit from Mexico. 

“The importer and the distributor will also take a markup depending on their increased cost, so the final out-of-pocket increase to the consumer will probably be more like 40% to 50%, not just 25%,” Gewanter said about tequila prices.

President Donald Trump levied 25% tariffs on Mexican and Canadian goods and 20% on products from China. That creates a long list of products whose prices could potentially rise, including cars and avocados from Mexico, auto parts and electronics from China, along with lumber and crude oil from Canada. 

Dr. Albert Williams, chair of economics at Nova Southeastern University, says tariffs are a …